The 25,000m² hospital will feature specialised clinics, such as for surgery, comprehensive child vaccination, and integrated emergency departments. Credit: Terelyuk/Shutterstock.

The Saudi Fund for Development (SFD) is providing a $103m loan to help build and equip the Carlos Centeno Hospital in Las Minas in the Republic of Nicaragua.  

In this regard, an agreement was formalised between SFD CEO Sultan Abdulrahman Al-Marshad and Nicaragua’s Finance and Public Credit Vice Minister Bruno Gallardo Palaviccine, during the signing ceremony.  

Go deeper with GlobalData

Data Insights

The gold standard of business intelligence.

Find out more

The event was also attended by Nicaraguan Finance and Public Credit Minister Ivan Acosta, Nicaraguan Health Minister Martha Reyes, and Deputy Saudi Ambassador to Mexico Sultan Al-Muzaini. 

The support from the SFD, a government agency that offers soft loans to finance infrastructure projects in developing countries, will facilitate the construction of the 25,000m² Carlos Centeno Hospital. 

This hospital will have a bed capacity of more than 300 and is designed to serve several neighbouring regions, offering a wide range of healthcare services.  

See Also:

It will feature specialised clinics such as for surgery and comprehensive child vaccination, as well as integrated emergency departments.  

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.

Additionally, SFD’s first development loan agreement signed with Nicaragua includes provisions for training and qualifying medical staff. 

100NOTICIAS quoted Ivan Acosta as saying: “This project of the ‘Carlos Centeno’ departmental hospital, in Las Minas, is a strategic investment for public health.” 

“This hospital will be able to respond to the specialities of paediatrics, gynaecology-obstetrics, surgery and internal medicine,” Reyes told 100NOTICIAS. 

The latest agreement is a part of the SFD’s ongoing efforts to support developmental projects in various developing countries.  

It also highlights the SFD’s efforts to assist Nicaragua in addressing its economic and development challenges, while underlining the critical role of international cooperation and solidarity in achieving sustainable development goals. 

Al-Marshad said: “In this way, we support (Nicaragua’s) social and economic growth through job creation. This is an important step towards achieving one of the sustainable development goals for good health and well-being.”